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Goldmoney Inc T.XAU

Alternate Symbol(s):  XAUMF

Goldmoney Inc. is a Canada-based company, which specializes in the investment and custody of enduring real assets. Through its subsidiaries, the Company offers precious metals trading services to clients, including secure custody and storage solutions. It also maintains diversified interests in property investment and jewelry manufacturing. The Company’s segments include Goldmoney.com, and Goldmoney Properties Limited. The Goldmoney.com segment is an online platform that provides clients with access to their Holding to purchase and sell physical precious metals and arrange for their custody and storage. Goldmoney Properties Limited is a United Kingdom-based entity established to acquire long-life property assets with secure long-term income streams. Goldmoney Properties Limited owns six properties totaling 423,087 square feet (GIA) with annual contracted net rental income of £6.8 million ($11.8 million). Its subsidiaries include Goldmoney BVI Inc., Goldmoney Vault Inc., and others.


TSX:XAU - Post by User

Bullboard Posts
Comment by GMoneyTxon Jun 20, 2019 7:38pm
143 Views
Post# 29847120

RE:Goldmoney real time audit

RE:Goldmoney real time auditMegabid,  the real time audit shows approx. $11B in transaction volume since company inception in 2001.  So the $150M daily volume you mention seems odd. A change that drastic would likely be the result of some major company initiative, which would have been previously disclosed. 

I monitored the real time audit number for several minutes, and noticed something interesting. The transaction volume # moves both up and DOWN.  In theory, the cumulative transaction number should never move down.  It should only increase as new transactions occur.

After researching on the GM website forums, this issue is discussed. It looks like the transaction # is tabulated in CAD and then converted to USD for presentation on the website, based on the current CAD / USD exchange rate.  Since the CAD has strengthened a lot vs the USD over the last couple of days, much of the $150M gain you mention is just related to the exchange rate being applied to the cumulative CAD transaction volume.



Bullboard Posts